Phillip Leon Euell, of counsel at Diaz, Reus & Targ: “The root causes of Ecuador’s energy crisis are multifaceted, primarily driven by a severe drought affecting the country’s hydroelectric power generation, a major component of its energy supply. This situation is made worse by longstanding issues, such as delays in energy infrastructure projects, technical failures in existing facilities and reduced energy imports due to similar crises in neighboring countries such as Colombia. President Daniel Noboa’s recent declaration of an energy emergency and the subsequent measures—including power rationing and the shutdown of nonessential business activities—are crisis management steps aimed at mitigating immediate energy shortages.
What Can Ecuador Do to Address its Energy Emergency?
